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Prime Lake Zurich Multi-Family Investment 898 S Rand Rd 10 Unité Immeuble d’appartements 1 901 200 $ CAD (190 120 $ CAD/Unité) 3,76% Taux de capitalisation Lake Zurich, IL 60047
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- 1.45 Acres in Prime Lake Zurich's Retail Power Corridor
- 90% Occupancy with Strong Rental Income
- Full On-Site Utilities
- Existing 6,259 SF Income-Producing Building
- Redevelopment or Expansion Opportunity
- Exceptional Visibility & Access
Résumé de l'annonce
Discover a premier multi-family and redevelopment opportunity in the heart of Lake Zurich, offered exclusively by Proano Commercial Group. Located at 898 S Rand Road, this 1.45-acre property features a 6,259-square-foot mixed-use building with 124 feet of frontage along the high-traffic Route 12 corridor, where over 37,000 vehicles pass daily. The existing structure is currently 90% occupied and includes a desirable unit mix of four 1-bedroom/1-bath units, four studio units, one 2-bedroom/1-bath unit, and one office unit, collectively generating $100,800 in annual rental income with upside potential through rent increases or reconfiguration.
Zoned B-3 (Regional Shopping District), the site offers exceptional flexibility for investors or developers seeking long-term value and cash flow. Approximately one acre of the land remains undeveloped, creating the opportunity to construct an additional building to maximize density and returns. The zoning allows for a wide range of commercial or mixed-use development options, making this property ideal for continued residential use, retail, or office expansion. Full on-site utilities are in place, further simplifying the development process.
Strategically positioned within Lake Zurich’s primary retail corridor, the property is surrounded by major national retailers including Walmart, Costco, Home Depot, ALDI, Binny’s, Starbucks, and the Lake Zurich DMV. This dynamic location ensures strong visibility, high foot traffic, and sustained tenant demand. Area demographics within a one-mile radius further enhance investment appeal, with over 9,100 residents, an average household income exceeding $180,000, and average home values over $500,000.
Whether you're seeking stable rental income, a prime redevelopment opportunity, or a flexible mixed-use asset in a high-growth suburban market, 898 S Rand Road delivers a compelling investment case with immediate performance and long-term upside.
Zoned B-3 (Regional Shopping District), the site offers exceptional flexibility for investors or developers seeking long-term value and cash flow. Approximately one acre of the land remains undeveloped, creating the opportunity to construct an additional building to maximize density and returns. The zoning allows for a wide range of commercial or mixed-use development options, making this property ideal for continued residential use, retail, or office expansion. Full on-site utilities are in place, further simplifying the development process.
Strategically positioned within Lake Zurich’s primary retail corridor, the property is surrounded by major national retailers including Walmart, Costco, Home Depot, ALDI, Binny’s, Starbucks, and the Lake Zurich DMV. This dynamic location ensures strong visibility, high foot traffic, and sustained tenant demand. Area demographics within a one-mile radius further enhance investment appeal, with over 9,100 residents, an average household income exceeding $180,000, and average home values over $500,000.
Whether you're seeking stable rental income, a prime redevelopment opportunity, or a flexible mixed-use asset in a high-growth suburban market, 898 S Rand Road delivers a compelling investment case with immediate performance and long-term upside.
Bilan financier (Réel - 2024) |
Annuel (CAD) | Annuel par pi² (CAD) |
|---|---|---|
| Revenu de location brut |
139 331 $
|
19,59 $
|
| Autres revenus |
-
|
-
|
| Perte due à l’inoccupation |
4 180 $
|
0,59 $
|
| Revenu brut effectif |
135 151 $
|
19,00 $
|
| Taxes |
22 047 $
|
3,10 $
|
| Dépenses d’exploitation |
41 533 $
|
5,84 $
|
| Total des dépenses |
63 580 $
|
8,94 $
|
| Revenu net d’exploitation |
71 571 $
|
10,06 $
|
Bilan financier (Réel - 2024)
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | 139 331 $ |
| Annuel par pi² | 19,59 $ |
| Autres revenus (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | 4 180 $ |
| Annuel par pi² | 0,59 $ |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | 135 151 $ |
| Annuel par pi² | 19,00 $ |
| Taxes (CAD) | |
|---|---|
| Annuel | 22 047 $ |
| Annuel par pi² | 3,10 $ |
| Dépenses d’exploitation (CAD) | |
|---|---|
| Annuel | 41 533 $ |
| Annuel par pi² | 5,84 $ |
| Total des dépenses (CAD) | |
|---|---|
| Annuel | 63 580 $ |
| Annuel par pi² | 8,94 $ |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | 71 571 $ |
| Annuel par pi² | 10,06 $ |
Faits sur la propriété
Commodités
Commodités des unités
- Climatisation
- Chauffage
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| Studios | 5 | 1 120 $ CAD | 500 - 600 |
| 1+1 | 4 | 1 460 $ CAD | 750 |
| 2+1 | 1 | 1 833 $ CAD | 1 000 |
1 1
Assez praticable à pied
50/100
Très facile d’accès en voiture
80/100
Plutôt praticable en vélo
50/100
Impôts fonciers
| Numéro de lot | 14-20-404-028 | Évaluation totale | 313 430 $ CAD |
| Évaluation du terrain | 113 299 $ CAD | Impôts annuels | 22 047 $ CAD (3,52 $ CAD/pi²) |
| Évaluation des bâtiments | 200 131 $ CAD | Année d’imposition | 2024 |
Impôts fonciers
Numéro de lot
14-20-404-028
Évaluation du terrain
113 299 $ CAD
Évaluation des bâtiments
200 131 $ CAD
Évaluation totale
313 430 $ CAD
Impôts annuels
22 047 $ CAD (3,52 $ CAD/pi²)
Année d’imposition
2024
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Vidéos
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Vue depuis la rue
Rue
Carte
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Présenté par
Prime Lake Zurich Multi-Family Investment | 898 S Rand Rd
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